The 1GHz chip can handle HD video playback, supports GPS, WiFi, Bluetooth, and 3G, and features always-connected capabilities so that you can receive incoming emails, IMs, and other messages on a device even while you’re in standby mode. In other words, it brings a lot of the features you’d expect from a smartphone to a smartbook.

But Qualcomm isn’t stopping with the current generation. Hexus reports that a 1.3GHz version is in the works, as is a dual core 1.5GHz version that supports 1080p HD video playback.

Like the current generation Snapdragon chipset, the new version will be available for use in phones, tablets, and smartbooks.

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